Kenya and the United States are intensifying negotiations for a landmark trade agreement as they enter the eighth round of discussions for the Strategic Trade and Investment Partnership (STIP).
The talks are scheduled for September 16–27, 2024, in Washington, D.C., with President William Ruto preparing for a pivotal visit to the US for the United Nations General Assembly later this month.
The urgency for a resolution has escalated as the African Growth and Opportunity Act (AGOA) approaches its expiration in 2025. AGOA has been vital for Kenya, allowing the nation to export goods to the US tariff-free, generating over Ksh50 billion annually. “Securing a trade deal is crucial for our economy and sustaining market access,” remarked a government official familiar with the discussions.
The Biden administration is eager to finalize the trade pact, originally initiated under former President Trump. U.S. Trade Representative Katherine Tai emphasized the bipartisan importance of this agreement: “This deal represents a significant step toward strengthening our economic ties with Kenya.”
Critics have pointed to the slow pace of negotiations. Suzanne Clark, President of the U.S. Chamber of Commerce, stated, “The US needs to act quickly. This agreement is beneficial for both nations and reinforces our strategic position in East Africa.”
As these high-stakes talks unfold, the backdrop of China’s increasing influence in Africa adds urgency, positioning Kenya as a key ally in the United States’ broader geopolitical strategy. A successful trade deal could redefine economic relationships in the region.
